Uber forecasts weak quarterly profit, doubles down on robotaxi investment plans

Delivery Hero SE

05/08/2026 11:55

Uber forecasts Q3 adjusted EPS at 84 cents to 88 cents, below estimates
Q2 gross bookings rise 24% to $58.02 billion, topping $57.06 billion estimate
CEO Dara Khosrowshahi cited World Cup travel as a boost across regions and services
Aug 5 (Reuters) - Uber Technologies UBER.N forecast current-quarter adjusted earnings below Wall Street estimates on Wednesday, saying that foreign exchange would trim bookings growth and reaffirming plans to invest heavily in robotaxis and acquisitions.
The global ride-hailing and delivery giant's capital allocation has become a key investor focus after it announced a $14.8-billion deal for Delivery Hero DHER.DE last month, which it plans to fund with existing liquidity and debt.
The company on Wednesday also outlined plans to spend more than $10 billion on autonomous vehicles over the coming years, but did not provide a specific timeline.
It forecast third-quarter gross bookings of $58.25 billion to $60.25 billion, broadly in line with analysts' expectations of $59.21 billion, according to data compiled by LSEG.
Foreign exchange is expected to trim reported third-quarter gross bookings growth by about one percentage point from last year, the company said, after boosting growth over the previous four quarters.
Uber's second-quarter gross bookings of $58.02 billion topped analysts' estimates of $57.06 billion, while adjusted core earnings also exceeded expectations.
The business benefited from broad-based demand across regions and services during the quarter, including travel linked to the FIFA World Cup, Uber CEO Dara Khosrowshahi said. 
More than 8 million tourists used Uber in host cities during the tournament, according to the company.
Revenue rose 12% to $14.19 billion, narrowly missing estimates of $14.24 billion after an accounting change in Britain reduced reported sales growth without affecting the underlying economics.
It forecast adjusted earnings per share of 84 cents to 88 cents, compared with analysts' expectations of 89 cents, according to data compiled by LSEG.
Operating expenses rose about 10% in the second quarter, with spending increasing across marketing, research and administrative operations.
Uber said it added more first-time users over the past year than during any comparable period in the previous five years, helping lift gross bookings by 24%.
 

 (Reporting by Akash Sriram in Bengaluru; Editing by Leroy Leo)
 ((Akash.Sriram@thomsonreuters.com; On X as @HoodieOnVeshti; +91-99017-77617;))